SEC Form 4 · accession 0001567619-18-007784
Public Storage · PSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lily Yan Hughes
Officer — SVP, CLO & Corp Sec
Period of report
Dec 11, 2018
Accepted (ET)
Dec 12, 2018 · 5:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 11, 2018 | M | 15,000 | $197.90 | A | 29,150 | D | |
| Common StockF2,F1 | Dec 11, 2018 | S | 15,000 | $212.1372 | D | 14,150 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F3 | $197.90 | Dec 11, 2018 | M | 15,000 | D | Jan 8, 2016 | Jan 8, 2025 | Common Stock | 15,000 | 35,000 | D |
Explanation of responses
- F1Includes 12,950 restricted share units.
- F2Represents weighted average price. These shares were sold at prices ranging between $211.62 and $212.85. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
- F3Stock Option granted pursuant to the 2007 Equity and Performance-Based Incentive Compensation Plan as amended. Option vests in five (5) equal annual installments beginning one (1) year from the date of grant.